UK supermarkets announce diesel price cut

Supermarkets in the UK have announced cuts in the price of diesel from April 10, 2013, after a recent fall was noticed in the wholesale prices. It was first reported that the price of diesel would be cut by 2p per litre .

On the other hand, motoring groups have said that pump prices vary depending on the postcode and that there is disparity in the price of fuel overall. The average price of diesel is 143.39p per litre and this year it has peaked at 146.38. While the average price of petrol is 137.75p a litre, compared to the year high of 140.03 in the month of March 2013.

Though the price cut of fuel was welcome, the question remains as to what extent it this change was reflected in rural areas. There is talk in some circles as to whether it was essential for the country and business as well. Traditionally there has been a springtime fall in the cost of diesel, as the demand for heating oil comes from the same part of the oil barrel.

Mark Todd, the petrol director at Morrison, said that the cut was the result of a drop in the wholesale prices, which was combined with an improved exchange rate.